This compound is widely used as a chiral auxiliary in asymmetric synthesis, particularly in the formation of carbon-carbon and carbon-heteroatom bonds. It is employed to induce stereoselectivity in reactions such as aldol additions, Diels-Alder reactions, and alkylations. Its rigid structure and ability to coordinate with metal catalysts make it effective in controlling the stereochemistry of the resulting products. Additionally, it is utilized in the synthesis of pharmaceuticals and natural products, where precise stereocontrol is crucial for biological activity. Its versatility and efficiency in asymmetric transformations have made it a valuable tool in organic chemistry research and industrial applications.